In 2023, the UK lost around 12,500 more high-net-worth individuals (HNWls). Their favorite destinations were Dubai, Los Angeles, the Bay Area, New York, Monaco, Amsterdam, and Paris.
Norway's Wealth Tax Unchains a Capital Exodus
The recent wealth tax increase in Norway was expected to bring an additional $146M in yearly tax revenue. Instead, individuals worth $54B left the country, leading to a lost $594M in yearly wealth tax revenue. A net decrease of $448M+
